Viking Global Up 8.3% In 2015; Hedge Fund Boosts Valeant Stake

Large long positions in Amazon.com and Alphabet Inc, alongside a well-timed short on the Energy sector, were just three trades that helped Andreas Halvorsen’s long/short fund, Viking Global Equities (VGE) rack up a gain of 4% for the fourth quarter of last year. For the full-year, the fund gained 8.3% with volatility of 9.9% compared to a return of 2.1% for the fund’s benchmark, the MSCI World Index and 1.4% for the S&P 500. The Viking Long Fund (VLF), by contrast, generated a return for investors of 5.7% in the fourth quarter and 4.5% for the full-year, according to a letter…